Quantitative Correlations

Mutual Funds . USA . 
Fund . Quantitative Longshort Equity
GTLSX Fund  USD 14.69  0.01  0.07%   
The current 90-days correlation between Quantitative Longshort and Fidelity Sai Inflationfocused is -0.13 (i.e., Good diversification). The correlation of Quantitative is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Quantitative Correlation With Market

Significant diversification

The correlation between Quantitative Longshort Equity and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Quantitative Longshort Equity and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Quantitative Longshort Equity. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Quantitative Mutual Fund

  0.61NLSCX Neuberger Berman LongPairCorr
  0.68NLSAX Neuberger Berman LongPairCorr
  0.7NLSIX Neuberger Berman LongPairCorr
  0.88QLERX Aqr Long ShortPairCorr
  0.79DIAYX Diamond Hill LongPairCorr
  0.66ASLAX Ab Select LongshortPairCorr
  0.61SMPIX Semiconductor UltrasectorPairCorr
  0.7XTEAX Ecofin Sustainable AndPairCorr
  0.66ESCGX Ashmore Emerging MarketsPairCorr
  0.66PQTNX Pimco Trends ManagedPairCorr
  0.71SADAX Wells Fargo UltraPairCorr
  0.69ABHYX High Yield MunicipalPairCorr
  0.82SUHAX Deutsche Health AndPairCorr
  0.61HCYAX Direxion Hilton TacticalPairCorr
  0.72FAPHX Fidelity Summer StreetPairCorr
  0.71TEDLX Tiaa Cref EmergingPairCorr
  0.82ASDCX Aamhimco Short DurationPairCorr
  0.65JSPCX Janus Global AllocationPairCorr
  0.65FFOLX Fidelity Freedom IndexPairCorr
  0.74PBSMX Prudential Short TermPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Quantitative Mutual Fund performing well and Quantitative Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Quantitative's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

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